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SB 3167

RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.

2026 Regular Session Introduced by Lynn DeCoite

SB 3167 modifies Hawaii's Technology Development Corporation structure; details pending public hearing to determine economic development impacts and budget implications.

The committee(s) on EDT has scheduled a public hearing on 02-10-26 1:02PM; Conference Room 229 & Videoconference.
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Bill Summary · SB 3167

Legislative bill overview

SB 3167 proposes modifications to the Hawaii Technology Development Corporation, a state entity focused on fostering technology-based economic development. The bill's specific provisions are not detailed in the available information, but it appears aimed at restructuring or clarifying the corporation's operations, governance, or funding mechanisms based on the referral to the Economic Development and Technology (EDT) committee.

Why is this important

Hawaii's economic diversification away from tourism and agriculture has made technology development a strategic priority for the state. Changes to the entity responsible for this development could affect startup funding, technology job creation, and the state's competitiveness in attracting tech investment and talent.

Potential points of contention

  • Funding mechanism uncertainties — Whether the bill increases general fund commitments or seeks alternative revenue sources affects state budget priorities
  • Corporate governance structure — Changes to board composition or decision-making authority could shift control between public and private sector interests
  • Definition of "technology development" — Ambiguity about which sectors qualify (biotech, clean energy, software, etc.) may create winners and losers among competing industries

Compiled from official sources — confirm details with the bill’s official record.

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